Persistent volume creation in azure - failing

I trying to configure persistence volume using azure file for kafka. I could see that volume is showing it in pending state and getting the following error

Failed to provision volume with StorageClass “falconwso2storage”: Couldn’t create secret secrets is forbidden: User “system:serviceaccount:kube-system:persistent-volume-binder” cannot create resource “secrets” in API group “” in the namespace “kafka”.

I am using Rancher 2.3. Any help would be highly appreciated.